Prices soar for Norway exports

Norway exported salmon worth NOK 4.9 billion (USD 599 million, EUR 527.8 million) last month, which represented an increase of 39 percent or NOK 1.4 billion (USD 171.2 million, EUR 150.8 million) compared to May 2015.

For the year through May 2016, the country’s salmon exports totaled NOK 23 billion (USD 2.8 billion, EUR 2.5 billion), an increase of 28 percent or NOK 5 billion (USD 611.4 million, EUR 538.6 million) year-on-year.

With supplies tightening, the average price for whole fresh salmon in May increased to NOK 60.48 (USD 7.40, EUR 6.51) per kg, up from NOK 38.37 (USD 4.69, EUR 4.13) in the corresponding month last year, and an increase on April’s price of NOK 57.39 (USD 7.02, EUR 6.18).

Poland and France continued to be the biggest buyers of Norwegian salmon last month, said the Norwegian Seafood Council (NSC).

In addition to its salmon exports, Norway exported trout worth NOK 281 million (USD 34.4 million, EUR 30.3 million) last month, an increase of 84 percent or NOK 128 million (USD 15.7 million, EUR 13.8 million) from May 2015.

So far this year, the country’s trout exports have been worth NOK 1.6 billion (USD 195.7 million, EUR 172.3 million), an increase of 109 percent or NOK 826 million (USD 101 million, EUR 89 million) year-on-year.

Japan and the United States were the largest buyers of trout from Norway in May.

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